Category: CORPORATE ACCOUNTING

CORPORATE ACCOUNTING

Corporate Accounting is the accounting for the companies and business houses. In this treatment of shares and debentures are studied.

COMPANY ACCOUNTS

Share capital meaning, types of share capital, authorized share capital, issued share capital, subscribed share capital, paid up share capital, called up share capital, meaning of company, features of company, advantages of company, limitations of company form of business, accounting treatment of share capital, issue of shares at par, issue of shares at premium, stock vs. shares, forfeiture of shares, prorate allotment, under subscription, over subscription.

REDEMPTION OF PREFERENCE SHARES

Meaning of preference shares, feature preference shares, redemption of preference shares, types, sources of redemption, methods of redemption, legal requirements regarding redemption, journal entries on redemption.

BUY BACK OF EQUITY SHARES

Meaning of equity shares, features of equity shares, sweat equity shares, meaning of buy back of shares, legal requirements of buy back of shares, benefits of buy back of shares, limitations of buy back of shares.

DEBENTURES

Meaning of debentures, definition of debentures, features of debentures, issue of debentures, issue of debentures at par, issue of debentures at premium, issue of debentures at discount, accounting treatment of debentures, redemption of debentures, sources of redemption, methods of redemption.

FINAL ACCOUNTS OF COMPANIES

The final accounts as per companies Act, 2013, profit and loss account preparation or income statement, balance sheet.

AMALGAMATION, ABSORPTION AND RECONSTRUCTION

Introduction, definition, meaning and characteristics of company, kinds of joint stock companies, meaning of amalgamation, absorption and external reconstruction, advantages of amalgamation, amalgamation in the nature of merger and purchase, methods of accounting for amalgamation: pooling of interest method and purchase method, purchase consideration and methods of calculating purchase consideration, accounting treatment in the books of transferor and transferee company, difference between amalgamation in nature of purchase and merger, difference between pooling of interest method and purchase method, meaning of some specific terms used under amalgamation.